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Thursday, December 22, 2005

EUR/USD Climbs 50 Pips

FX markets were very quiet today. With little to get excited about with today's data, trading was very thin heading into the major holiday season. There was, however, a big jump in the Euro early in the session,which is being written-off as a large speculative order being placed in a very thin market. The ripple caused an opportunistic drive, which saw the EUR/USD climb 50-pips.